Bitcoin trader says bulls are 'over-confident' as BTC price stays below key support.
on several timeframes, suggesting that Bitcoin overall is undersold at current prices.
“I would love to say that very oversold RSI is a good thing but the only thing I can see is weakness,” he admitted. “This is combined with being below healthy supports, and early reversal signs in market structure. At the real bottom, I believe even the most bullish analysts will be questioning themselves. I remain optimistic to be proved wrong, but also realistic based on long term data.”This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.This publication is sponsored.
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